Mixed options sentiment in Microsoft with shares up 2.05%

Mixed options sentiment in Microsoft (MSFT), with shares up $8.71, or 2.05%, near $432.87. Options volume roughly in line with average with 1.05m contracts traded and calls leading puts for a put/call ratio of 0.37, compared to a typical level near 0.65. Implied volatility (IV30) dropped 0.14 near 36.47, in the highest 10% of observations over the past year, suggesting an expected daily move of $9.94. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: Microsoft (MSFT) will report earnings after the close on 2026-04-29.Option markets are pricing in a 50% probability of a move greater than 8.98% or $38.86.